PSX continues downward trajectory in early trading hours

KARACHI: The Pakistan Stock Exchange (PSX) went down during the early trading hours on Monday as the KSE-100 Index declined 257.51 points after the resumption of business.

The KSE-100 Index stood at 27,852.06 at the very time of corresponding this report by 10:45 am after starting the day from the level of 28,109.57. The 0.92 percent loss on Monday implies  that the index is decreased by 31.63 percent since the start of 2020.

The index has so far fluctuated between 27,467.35 the lowest level and 28,114.10 the lowest level. Earlier, Bulls returned to the Pakistan Stock Exchange (PSX) as the stock market had witnessed an upward trajectory due to improved investor sentiment.

The benchmark KSE 100 index witnessed a rise of 842.37 points in in traday trading and closed at 28,109.57 points. This marks a healthy gain of 3.49 percent as the stock market is facing one of the worst times due to the coronavirus pandemic.

The market crossed the 28,000 points and manage to retain the gains before trading was suspended. The total volume of shared traded was 141.970 million valued at Rs3.93 billion.

Meanwhile, the lower bench KSE 30 index also witnessed a rise of 441.05 points (3.71%) and closed at 12,320.24 points.

The total volume of scripts at the bourse were 55.411 million. The share price of several top active stock increased notably Unity (5.72%), TRG (8.08%), MLCF (4.47%), BOP (1.75%), FCCL (7.84%), CHCC (7.43%) and PIOC (7.50%).